Saturday, February 28, 2009

R-I-G-H-T...

Ahh...  Reality...  Ain’t It A Bitch?
Because It’s Beginning To Smack Us Around.

Patriot 
Iraq Troop Withdrawal or Occupation-Lite?
How Do We Know What’s Safe To Eat?
Nation’s Food System Nearly Broke.
Making Us More Mad, Than Sad?
The Banks’ War On Workers.
Not Retired. . .  Just Tired.
The Sludge Of Hate.
- Blowback -

“As long as the greatest crime of the 21st century remains unprosecuted,
we all... can only blame ourselves, and deserve our collective fates.”

= = = = = = = = = = = = = = =  <  B e l o w  T h e  F o l d  >  = = = = = = = = = = = = = = = 

A “Below The Fold” Bonus Article...

Fresh Evidence - Paralysis of Global Economy

Amid fears that the downturn triggered by the credit crunch has turned into the worst slump in output since the 1930s, data from Washington showed that the havoc wreaked by the problems on Wall Street last Autumn was far worse than originally believed.

American gross domestic product in the final three months of 2008 declined at an annual rate of 6.2%, much weaker than the earlier estimate of a 3.8% fall and the worst performance by the world’s biggest economy since early 1982.

A breakdown of the data revealed that consumer spending, exports and investment in commercial property were all even lower than originally believed, although the main reason for the downward revision to growth was that the build up of inventories by companies was far less pronounced than originally believed.

Analysts said there had been no let-up in the bad news since the turn of the year and the markets are now braced for payroll figures next Friday to show that around 750,000 jobs were lost in the US during February, with worse to come in future months.


[ Click title above, or here, for full article. ]

1 Comments:

At 3/03/2009 6:45 PM, Blogger Marvin D. Wilson said...

And the government tells us it is just a "recession" Bull. I know a depression when I see one and this is just the tip of the iceberg.

 

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